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The labor shortage in Japan is at its highest in more than four decades, according to new government data. Low birth rates and an aging population have resulted in a shrinking workforce.
There are currently 1.48 jobs for every applicant, the highest figure since 1974 when fast growth drove the ratio to 1.53. The data outpaces the labor shortage peak in the early 1990s, during the country's period of economic stagnation.
[...] The analyst said the number of women and older people who have been joining the labor force has increased, as "the labor shortage is forcing companies to hire people who previously weren't looking for work."
Source: RT
[T]he number of families living on an income lower than the public welfare assistance level more than doubled in the 20 years after the asset price bubble popped in 1992, according to a study by Kensaku Tomuro of Yamagata University.
Now 16 percent of Japanese children live below the poverty line, according to Health Ministry statistics, but among single-parent families, the rate hits 55 percent. Poverty rates in Osaka are among the worst.
[...] Children of single or poor parents often are ostracized in their communities, Tokumaru said, noting that other parents do not want their children playing with children from a "bad house."
Source: The Washington Post
(Score: 1) by khallow on Wednesday May 31 2017, @01:22PM (4 children)
(Score: 3, Insightful) by VLM on Wednesday May 31 2017, @01:54PM (3 children)
And OPs only 13% off and the graph is trending downwards. Note todays rate roughly equals 1977's rate and we continue to go back in time.
I'd cut OP some slack.
Its interesting that the liberated women propaganda of the 70s/80s/90s has blown thru and we're back down to 70s era participation, its just the participation isn't near 100% male anymore.
In that way in a very simplistic model the only real effect of the "women in the workforce" model is just unemployed men. There's no real change or improvement or anything other than more use of the ladies bathrooms at work. All that BS for basically nothing in the long run.
(Score: 2) by Runaway1956 on Wednesday May 31 2017, @02:42PM (1 child)
"no change"
Oh, I dunno. With more women working, and more men idle, the prison idustry is booming. And, that puts more women to work.
(Score: 0) by Anonymous Coward on Wednesday May 31 2017, @03:02PM
Suicide booth industry is going to be the next hot-tech-trend as men, now totally demoralized and destitute take it upon themselves, in a true manly fashion, to take what they perceive to be the problem out for everyone's good: themselves. Soon women will complain that there are not enough men to go around... or are they already doing this... of course they are. How to make it all about them yet again.
(Score: 1) by khallow on Thursday June 01 2017, @12:16AM
Which happens to be a big amount to be off by. That gives a ratio of almost 2 workers per non worker rather than 1 worker. And note that the peak labor participation rate was just over 67%. So this is much closer to the highest labor participation rate ever compared to 50%.
We'll see what happens now that the Obama administration is out. It's worth noting that we have Boomers retiring, which is going to push the labor participation rate downward no matter what else happens.
We'll see how things go in the long run. My view is that we'll see an uptick in labor participation rates when the Boomers start dying off and China reaches near parity in wages with the US.